Crypto Breaking News

Cleveland Fed President Beth Hammack expects interest rates to be on hold for quite some time. She speaks to Bloomberg's Michael McKee in New York.

Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI's changing needs. Ed Ludlow helped break the story and explains.

Janet Rilling, senior portfolio manager and the head of the Plus Fixed Income team at Allspring Global, joins Caroline Hyde and Isabelle Lee on "Bloomberg Real Yield." They discussed the growing chorus of energy executives and traders is warning that every day the Iran War rages on is bringing the world closer to crisis point with several predicting $100 oil within days.

Retired Army General Wesley Clark said the US-Israel offensive against Iran is off to a good start, but there's a lot more that needs to be done to isolate targets and the campaign is a "long way from being over." Clark said that the scope of the conflict makes it important to keep diplomatic lines of communication open, in the event that Iran wants to meet US objectives and "cry uncle."

The conflict in Iran is underscoring the risks of building data centers in the Gulf region, says Sam Winter-Levy, a fellow in the Technology and International Affairs Program at the Carnegie Endowment for International Peace. He joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Oracle is planning to cut thousands of jobs as it looks to manage a cash crunch driven by AI spending, according to sources. It's the latest major tech company to link layoffs to AI in some way. But Martha Gimble, executive director of the Yale Budget Lab, says data showing the tech is replacing human workers hasn't turned up yet. Gimble joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Brent crude futures hit $90 a barrel for the first time since October 2023 as war rages on in the Middle East. Ship traffic through the Strait of Hormuz has practically stopped. Some traders warn oil could top $100. Mike McGlone of Bloomberg Intelligence has more.

A new SEC crypto measure is now under White House review and it could reshape how digital tokens are classified. SEC Commissioner Mark Uyeda joined Bloomberg Open Interest to talk about the new measure future of Crypto regulation.

Reporting fraud without the fear of retaliation-- That's aim of Vera, a blockchain-based whistleblowing platform designed to protect identities and prevent data seizure. Brittany Kaiser, the CEO of AlphaTon Capital, joined Bloomberg Open Interest to talk about the platform.

Robinhood is giving everyday investors access to high-profile private companies like Databricks and Oura. Its new fund began trading on the NYSE under ticker RVI. CEO Vlad Tenev joined Bloomberg Open Interest with the details.

President Donald Trump said he won't seek a negotiated end to the war with Iran, demanding in a post on social media that Tehran capitulate as US and Israeli airstrikes continue. Michelle Jamrisko reports on "Bloomberg Open Interest."

Federal Reserve Bank of Chicago President Austan Goolsbee reacts to the latest US employment report and warns the economic shocks like the recent surge in oil prices can lead in a stagflationary direction. He speaks with Mike McKee on "Bloomberg Open Interest."